24.11.2015
Allianz SE DE0008404005
DGAP-Adhoc: Allianz SE: Allianz communicates Renewal Agenda
Allianz SE / Key word(s): Strategic Company Decision
24.11.2015 08:43
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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At its today's Capital Markets Day, Allianz will announce its new strategic
initiatives (Renewal Agenda). The initiatives aim to achieve annual
earnings per share (EPS) growth of 5 percent on average from 2016 to 2018.
The Group will target a total return on equity (RoE) by 2018 of 13 percent,
adjusted to exclude unrealized capital gains on bonds and other items.
To meet those targets, the Property-Casualty segment will seek to deliver a
combined ratio of 94 percent or better. The Life & Health segment will aim
to deliver RoE of at least 10 percent in all of its operating entities.
The Group will also seek 1 billion euros in recurring, annual productivity
gains by 2018, especially by implementing digital processes globally. Those
gains will be reinvested in technology, human resources and growth.
Furthermore, the Group will actively manage its capital efficiency and
improve its resilience.
Munich, November 24, 2015
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Information and Explaination of the Issuer to this News:
These assessments are, as always, subject to the disclaimer provided below.
Cautionary note regarding forward-looking statements
The statements contained herein may include prospects, statements of future
expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and unknown
risks and uncertainties. Actual results, performance or events may differ
materially from those expressed or implied in such forward-looking
statements.
Such deviations may arise due to, without limitation, (i) changes of the
general economic conditions and competitive situation, particularly in the
Allianz Group's core business and core markets, (ii) performance of
financial markets (particularly market volatility, liquidity and credit
events), (iii) frequency and severity of insured loss events, including
from natural catastrophes, and the development of loss expenses, (iv)
mortality and morbidity levels and trends, (v) persistency levels, (vi)
particularly in the banking business, the extent of credit defaults, (vii)
interest rate levels, (viii) currency exchange rates including the
euro/US-dollar exchange rate, (ix) changes in laws and regulations,
including tax regulations, (x) the impact of acquisitions, including
related integration issues, and reorganization measures, and (xi) general
competitive factors, in each case on a local, regional, national and/or
global basis. Many of these factors may be more likely to occur, or more
pronounced, as a result of terrorist activities and their consequences.
No duty to update
The company assumes no obligation to update any information or
forward-looking statement contained herein, save for any information
required to be disclosed by law.
24.11.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Allianz SE
Königinstr. 28
80802 München
Germany
Phone: +49 (0)89 38 00 - 41 24
Fax: +49 (0)89 38 00 - 38 99
E-mail: [email protected]
Internet: www.allianz.com
ISIN: DE0008404005
WKN: 840400
Indices: DAX-30, EURO STOXX 50
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime
Standard), Hamburg, Hanover, Munich, Stuttgart; Terminbörse
EUREX
End of Announcement DGAP News-Service
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